About Craftsman Automation
Craftsman Automation is a company based in Coimbatore (India) founded in 1986.. Craftsman Automation has raised $28 million across 2 funding rounds from investors including Standard Chartered and International Finance Corporation. The company has 3,060 employees as of March 31, 2024. Craftsman Automation has completed 2 acquisitions, including DR Axion India and Sunbeam Auto. Craftsman Automation offers products and services including Aluminium Die Casting and Precision Machining.
- Headquarter Coimbatore, India
- Employees 3060 as on 31 Mar, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
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- Legal Name Craftsman Automation Ltd.
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Annual Revenue
$659.46 M (USD)27.7as on Mar 31, 2024
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Net Profit
$22.78 M (USD)-36.1as on Mar 31, 2024
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EBITDA
$93.34 M (USD)-6.79as on Mar 31, 2024
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Total Equity Funding
$28 M (USD)
in 2 rounds
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Latest Funding Round
$18 M (USD), Series B
Aug 09, 2012
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Investors
Standard Chartered
& 1 more
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Employee Count
3060
as on Mar 31, 2024
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Investments & Acquisitions
DR Axion India
& 1 more
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IPO & Listings of Craftsman Automation
Craftsman Automation is a publicly listed company on the NSE with ticker symbol CRAFTSMAN in India, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Craftsman Automation
Craftsman Automation offers a comprehensive portfolio of products and services, including Aluminium Die Casting and Precision Machining. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Aluminium die casting and sand casting services are provided for automotive and industrial needs
Precision machining for critical automotive components is offered in the powertrain segment
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Funding Insights of Craftsman Automation
Craftsman Automation has successfully raised a total of $28M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $18 million completed in August 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $18.0M
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First Round
First Round
(01 Jun 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2012 | Amount | Series B - Craftsman Automation | Valuation |
investors |
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| Jun, 2010 | Amount | Series A - Craftsman Automation | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Craftsman Automation
Craftsman Automation has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Standard Chartered and International Finance Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Corporate, investment, wealth, and retail banking services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Craftsman Automation
Craftsman Automation has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include DR Axion India and Sunbeam Auto. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Company specializes in aluminium die casting technology and the sale of motor vehicle parts and accessories
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2023 | ||||
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Manufacturer and supplier of engine components to OEMs
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1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Craftsman Automation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Craftsman Automation Comparisons
Competitors of Craftsman Automation
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Craftsman Automation
Frequently Asked Questions about Craftsman Automation
When was Craftsman Automation founded?
Craftsman Automation was founded in 1986 and raised its 1st funding round 24 years after it was founded.
Where is Craftsman Automation located?
Craftsman Automation is headquartered in Coimbatore, India. It is registered at Coimbatore, Tamil Nadu, India.
Who is the current CEO of Craftsman Automation?
Vivek Singh is the current CEO of Craftsman Automation.
Is Craftsman Automation a funded company?
Craftsman Automation is a funded company, having raised a total of $28M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jun 01, 2010.
How many employees does Craftsman Automation have?
As of Mar 31, 2024, the latest employee count at Craftsman Automation is 3,060.
What is the annual revenue of Craftsman Automation?
Annual revenue of Craftsman Automation is $659.46M as on Mar 31, 2024.
What does Craftsman Automation do?
Craftsman Automation manufactures mould bases customized to customer requirements, storage solutions including racks, shelves, cantilever racks, etc., and other special purpose machines and components for automotive, lifts and elevators, heavy parts and sheet metals. It has a Netherlands based subsidiary - Craftsman Marine which manufactures boat equipment. It also has joint ventures with Carlstahl and Mitsubishi. It has projected sales of 118mn in FY14. The company serves the markets in 17 countries and claims a client base of 47 and has 11 manufacturing locations.
What products or services does Craftsman Automation offer?
Craftsman Automation offers Aluminium Die Casting and Precision Machining.
Is Craftsman Automation publicly traded?
Yes, Craftsman Automation is publicly traded on NSE under the ticker symbol CRAFTSMAN.
How many acquisitions has Craftsman Automation made?
Craftsman Automation has made 2 acquisitions, including DR Axion India, and Sunbeam Auto.
Who are Craftsman Automation's investors?
Craftsman Automation has 2 investors. Key investors include Standard Chartered, and International Finance Corporation.
What is Craftsman Automation's ticker symbol?
The ticker symbol of Craftsman Automation is CRAFTSMAN on NSE.